IndianOil has announced that oil marketing companies (OMCs) have made no change in the basic selling price of petrol and diesel. ‘Considering the current crisis brought on by the COVID-19 pandemic, the OMCs have kept the prices of petrol and diesel unchanged with effect from April 1, 2020, which were otherwise also being maintained steady,’ said IOC spokesperson in a press release.
The release also said that as per their commitment to the nation, PSU OMCs, IndianOil, BPCL, and HPCL, have fully transitioned to BS-VI compliant petrol and diesel across the country with effect from April 1, 2020, even in the face of the constraints posed by the COVID-19 pandemic.
The increase in the retail selling prices (RSPs) of petrol and diesel in some states like Maharashtra, Karnataka, West Bengal, etc., with effect from April 1 ‘is purely on account of the increase in VAT rates by the respective State Governments on both the products from that date.’